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Dec 7, 2012 5:00pm EST
are not in a position to do things that we otherwise would be in a position to in terms of shaping the environment to prevent war. so in my view, americas 60 veto fiscal picture increases the risk of conflict around the globe media not always involving the u.s., though certainly the risk of increasing globally. based on our fiscal picture. the point that i would want to make is the budget deal requires us to deal with a full deck of cards and those people who keep wanting to take things off the table. when i say a full deck of cards, that includes defense participating in deficit reduction. this cannot be in the case of defense a sledgehammer approach. it's going to take a long line of dealing with these issues overtime to give the defense department time and they can make in my view very significant changes in the budget, but doing it in a way that does not damage our security. doing it abruptly as the fiscal cliff does or in a very compressed time frame is not only inefficient and dangerous to security in our s. my final point is that they are missing an element in this town is primarily politic
FOX News
Dec 7, 2012 6:00am PST
're doing here and the implications on the overall security environment own the careen peninsula as well as in asia. martha: molly henneberg is live. north koreans may have run into a snag with this launch plan which may be biding some time. what can you tell us about it? >> reporter: martha, a weather snag. snow may have slowed north korea's efforts to put the missile together on the launch pad although the latest satellite pictures suggest it may be ready for liftoff if they decide to go ahead with it on monday. it appears all three parts of the rocket are mounted on the launch pad. north korea has tried four times since 1998 to launch a three stage rocket successfully but have been unsuccessful at it. officials say the north koreans gain more information each time they try. north korean leader kim jong-un believed to want to try the launch over next couple weeks because in part because the anniversary of his father's death falls into that time frame. mortgage that. martha: we know our u.s. navy has been mobilizing to that region in preparation for this and ahead of this. what do we kn
Dec 7, 2012 1:00am EST
to implement. i will say, however, that the value of doing it now in a low interest rate environment is substantially larger on these new loans for two reasons. the lower the interest rate, the faster the amortization of the principal and therefore this will be a more valuable change. second because these loans are so low interest rate, they will be on our books far larger. frankly, not many loans in the past have hit that limit. so even though it's $1 trillion portfolio, the value of that change is quite small for the old loans. it's really going to be quite valuable for these newer very low interest rate loans. >> i'll be briefly two more questions. i see that f.h.a. is now making loans to people who three years ago were foreclosed upon. and that's a very different standard than even exists at fannie and freddie. i don't understand. why are you doing that? >> this is another area where we are working on changes. here's the issue. we have a significant number of homeowners that were responsible homeowners, had good credit scores that lost their jobs in the biggest economic crisis th
Dec 7, 2012 1:00pm PST
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Search Results 0 to 3 of about 4